Vistance Networks (VISN) director reports 53K-share grant and 168,746-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vistance Networks director Watts Claudius E. IV reported routine equity compensation and related tax withholding transactions in company stock. He received a grant of 53,000 shares of common stock at no cost as a grant or award, increasing his direct holdings to 1,516,475 shares.
The filing also shows 168,746 shares of common stock withheld as a tax-withholding disposition at $12.27 per share tied to the vesting of restricted stock units and performance share units. In addition, 10,000 shares are reported as indirectly held through the Watts Family Foundation. Footnotes indicate these restricted stock units vest between June 2027 and June 2029, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Watts Claudius E. IV
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 168,746 | $12.27 | $2.07M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,516,475 shares (Direct, null);
Common Stock — 10,000 shares (Indirect, Watts Family Foundation)
Footnotes (1)
- Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to the reporting person's continued employment with the issuer. As previously reported, includes (a) 28,600 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 58,067 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 68,267 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Key Figures
Stock grant: 53,000 shares
Tax-withholding shares: 168,746 shares
Tax-withholding price: $12.27 per share
+3 more
6 metrics
Stock grant
53,000 shares
Common stock grant/award on June 1, 2026
Tax-withholding shares
168,746 shares
Shares withheld for taxes at $12.27 per share
Tax-withholding price
$12.27 per share
Value used for tax-withholding disposition
Direct holdings after grant
1,516,475 shares
Total common stock directly owned after June 1, 2026 transactions
Indirect holdings
10,000 shares
Common stock held indirectly via Watts Family Foundation
RSU vesting dates
June 1, 2027–2029
New RSUs vest ratably on 06/01/2027, 06/01/2028, 06/01/2029
Key Terms
restricted stock units, performance share units, tax-withholding disposition, grant, award, or other acquisition
4 terms
restricted stock units financial
"Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Transaction classified as a tax-withholding disposition at $12.27 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"Transaction code description notes a grant, award, or other acquisition of shares"
FAQ
What insider transactions did Vistance Networks (VISN) report for Watts Claudius E. IV?
Vistance Networks reported that director Watts Claudius E. IV received a grant of 53,000 shares of common stock and had 168,746 shares withheld to cover taxes on vesting equity awards, with no open‑market purchases or sales disclosed in this filing.
How do the restricted stock units for Vistance Networks (VISN) vest over time?
Footnotes state new restricted stock units will vest ratably on June 1, 2027, June 1, 2028, and June 1, 2029. Additional previously granted units vest on June 1, 2027 and across 2027–2028, all subject to the director’s continued employment with the company.
Does the Vistance Networks (VISN) Form 4 indicate any pre-planned trading program?
The footnotes describe vesting schedules and tax-withholding mechanics but do not reference any Rule 10b5-1 trading plan. The reported transactions relate to equity grants and automatic tax withholding connected to restricted stock unit and performance share unit vesting.